TI narrows third-quarter outlook

BenjaminPimentel

SAN FRANCISCO (MarketWatch) - Texas Instruments Inc.
TXN, -2.80%
on Tuesday narrowed its earnings and revenue outlook for the third quarter. The Dallas-based chipmaker said it expects revenue in the range of $3.15 billion to $3.29 billion, compared with a previous range of $3.09 billion to $3.35 billion. The company also expects profit in the range of 51 cents to 55 cents a share, compared with a previous range of 49 cents to 57 cents a share. Shares of TI were down 1% in after-hours trading.

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